Moscow markets fall after Russian Christmas break

Prices continued their downward trajectory on Monday as a slowdown in China continued to rattle investors and dented the outlook for demand amid a continuing glut in supply.

Falling oil prices will only serve to hurt Russia further. It is a major oil producer and relies on the revenues from its oil exports. Coupled with international sanctions on Russia for its annexation of Crimea in March 2014, and role in a pro-Russian uprising in east Ukraine, that prompted capital ...